Claude Diehl
Sell a Solo 401K property with owner financing
23 December 2024 | 6 replies
Rental Income Consideration: If the property generated rental income while it was debt-financed, the portion attributable to the debt could have triggered UDFI.
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
3 January 2025 | 7 replies
But the answer for everyone may differ.Here are the personal attributes I see in those able to achieve a higher than market ROI, enough higher to be able to “scale”.1- Knowledge of real estate principles, real estate law and real estate finance2- Minimum 3 -5 years full time, or near full time experience directly related to real estate investing3- Ability to utilize technology for increased efficiency, capacity, and accuracy4- Excellent hired legal counsel and excellent hired marketing help5- Established method(s) of obtaining consistently high QUALITY deal flow6- Ability to manage and choose people who are NOT employees: Attorneys, Appraisers, Mortgage Brokers, Real Estate Brokers, Title Companies, Surveyors, Marketing Specialists, Accountants, Contractors, Consultants, Property Managers7- A VERIFIABLE track record of success8- Ability to identify, analyze, and negotiate a deal that can be “worked” for “enhanced” ROI9- Some type of competitive advantage; for example for me it’s my ability to analyze and identify mortgage loans that are actually less risky than all other lenders believe (on the investing in debt side), and on the real property side it’s my ability to analyze”pull the trigger” with LESS information than other investors need, combined with the ability to pay cash, or raise significant capital almost instantly as well as being able to obtain loans at the lowest prime customer bank rate with no recourse or personal liability.
Luke Tetreault
2 years in, Growing Pains! What's the Strategy?
24 December 2024 | 8 replies
This opportunity doesn’t occur frequently but it takes these attributes to take advantage when they do.3 - Blind luck - do enough deals, the unique opportunity tends to present itself.
Levi Perl
When to lower rental listing price?
3 January 2025 | 18 replies
See Listing Link here.I am attributing a lot of the "slowness" to the season.
Jerell Edmonds
Spilt utlities or add another meter ??
1 January 2025 | 12 replies
That said, utilities that aren't directly attributed to a unit can be a pain in the neck because everyone is sure that the other unit(s) are using more power than they are.
Roberto Vasquez
First timer here
10 December 2024 | 5 replies
Determine the attributes of experience, knowledge, and capital needed to be successful, and evaluate how you stack up 4.
Brett Riemensnider
Claiming Expenses on SMF During Tax Season
11 December 2024 | 6 replies
Direct expenses are expenses directly attributable to the rental units (ex: rental unit repairs/cleaning, advertising, rental adm exp, etc)
Kwok Wong
What to do when no sold comps?
1 December 2024 | 9 replies
., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
18 December 2024 | 17 replies
He sometimes attributes his own good nature to those who do not deserve it.
Rachael K.
Legal to move into my 1031 exchange- Safe Harbor clarification- capital gains
5 December 2024 | 13 replies
If you move into a property acquired through a 1031 exchange and make it your primary residence, you may qualify for the capital gains exclusion under Section 121 (up to $250K single/$500K married) if you live in the property for at least two of the last five years before selling.However, gains attributable to the time it was a rental property remain taxable (non-qualified use), and depreciation claimed during the rental period must be recaptured at a 25% tax rate.